Why your money is safe with KCB.
by BiasharaStreet Posted on 21-04-2016
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WHY YOUR MONEY IS SAFE WITH KCB

KCB Group is a company I respect. Actually love. Their business model is good. They treat their shareholders well by paying them at least 35% of their Earning per Share. But the strength of this institution and Geographical presence was undoubtedly making it the obvious and natural choice to take over Chase Bank.

CBK has done well by making the objective decision to hand over the management of Chase to KCB and eventually letting the latter acquire a majority stake in the former. With an Asset base of over Ksh 550 billion and net profits of nearly Ksh 20 Billion, KCB is the most sound Financial institution in the East African region and definitely the real “Pride of Kenya”.

KCB has a core capital of Ksh 73 Billion against the Minimum statutory of Ksh 6.8 Billion. All it’s ratios including Liquidity Ratio is way stronger than necessary. Kenyans are happy the CBK has chosen a strong Kenyan institution to take over Chase.

I advise Chase bank owners to consider selling Rafiki Microfinance and Genghis Capital to KCB. Our Government should also learn a thing or two from KCB. With a stake below 18%, GoK earns more money from KCB in dividends than from NBK, Consolidated Bank, Development Bank and Uchumi combined where they have bigger stakes and therefore keeps interfering with the Board and Management decisions.

We should fully privatize Kenya Power, Kengen and these other entities. There is no “sensitive sector”- if a kawaida Kenyan can set up a bank or own a hospital, what is power? Kenya Power and Kengen are gold mines that will only start making sense once fully privatized.. We are African and Africa is our Business..

Author Ndindi Nyoro




   

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Why your money is safe with KCB.

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WHY YOUR MONEY IS SAFE WITH KCB KCB Group is a company I respect. Actually love. Their business model is good. They treat their shareholders well by paying them at least 35% of their Earning per Share. But the strength of this institution and Geographical presence was undoubtedly making it the obvious and natural choice to take over Chase Bank. CBK ...

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